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Bank of Ayudhya, Thailand’s fifth largest financial institution, has selected Nice Actimize to bolster its anti-money laundering compliance and case management.

Bank of Ayudhya will implement NICE Actimize’s recently-launched Suspicious Activity Monitoring (SAM9) solution, as well as Actimize ActOne, an investigation management system which uses “intelligent automation”.

“Krungsri Group’s core philosophy is founded on good governance with a steadfast commitment to fight against money laundering and financial crime. The NICE Actimize solutions, using intelligent automation and a strong case management approach, are designed to enrich our anti-money laundering efforts and strengthen our program to counter terrorist financing activities,” said Saengchart Wanichwatphibun, Chief Compliance Officer, Bank of Ayudhya.

“Since the NICE Actimize solutions go beyond the traditional rules-based controls, with the addition of machine learning and robotics to reduce false-positive alerting and to speed up investigations, we believe that they will contribute to our efforts to make our fight against financial crime more efficient and effective.”

“This important implementation for NICE Actimize in Southeast Asia demonstrates the strength and accessibility of our end-to-end offerings,” said Joe Friscia, President, NICE Actimize. “We are seeing major adoption around the globe for our AI-enabled anti-money laundering and case management solutions. When integrated, our AML and ActOne solutions provide increased accuracy and productivity, improved return on investment and a clear path to supporting regulator requirements.”

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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